iShares MSCI USA Momentum Factor ETF $MTUM Position Trimmed by Apella Capital LLC

Apella Capital LLC decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.3% during the third quarter, Holdings Channel.com reports. The firm owned 117,618 shares of the company’s stock after selling 3,961 shares during the period. Apella Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $37,922,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Corient Private Wealth LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. State of Michigan Retirement System increased its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after buying an additional 52,800 shares during the period. Blue Trust Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 2.6% in the 1st quarter. Blue Trust Inc. now owns 1,274,963 shares of the company’s stock worth $305,978,000 after buying an additional 32,573 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.1% during the 4th quarter. MML Investors Services LLC now owns 694,449 shares of the company’s stock valued at $173,828,000 after buying an additional 63,584 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock valued at $146,766,000 after buying an additional 4,261 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 1.6%

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $5.17 on Thursday, hitting $317.25. 219,888 shares of the company traded hands, compared to its average volume of 1,236,215. The company has a 50-day moving average price of $309.24 and a 200 day moving average price of $300.99. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market cap of $23.16 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF’s stock is going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.